In the last two years, 75% of shippers experienced lost or damaged packages, costing up to 17 times more and leaving a bad impression on 41% of customers. As an experienced e-commerce business, you've likely dealt with frustrating hours addressing carrier claims.
This situation is where shipping insurance for B2C shipments comes into play. This article will delve into the intricacies of B2C shipping insurance.
You will learn the following:
What is Shipping Insurance?
Shipping insurance safeguards eCommerce businesses should a package suffer damage, theft, loss, or mishandling during its journey to the customer. It can be obtained through leading shipping companies or third-party suppliers, with the cost of coverage contingent on the provider and the declared value of your shipment.
Regardless of the source, having insurance in place means your business may qualify for compensation in the event of transit-related issues, a precious asset when shipping high-value items.
Why Do You Need Shipping Insurance?
There are several compelling reasons why you need shipping insurance for your shipments, including:
Financial Protection: Shipping insurance shields you from financial losses due to loss, damage, or theft during shipping. It covers the total item value, not just the purchase price, and provides a precise, manageable cost.
Faster Claims: Shipping insurance speeds up the resolution of disputes and refunds for lost or damaged shipments, ensuring quick customer satisfaction.
Improved Customer Experience: Quick claims processing allows for swift replacement of items, maintaining a positive customer experience, which can lead to customer loyalty and positive reviews.
Competitive Edge: Offering shipping insurance makes your business stand out, providing customers with peace of mind and added value.
Reduced International Shipping Risks: Shipping insurance is crucial for global e-commerce, protecting your business from international shipping complexities, customs issues, and long transit times.
What You Need to Get a Shipping Insurance
To obtain shipping insurance for your B2C shipments, you typically need to provide the following required documents:
Bill Of Lading/ Lorry Receipt/ Airway Bill: Choose the appropriate document based on your chosen mode of transportation: bill of lading for sea shipments, lorry receipt for road transport, and airway bill for air cargo.
Packing List: This list includes all the transported items and their detailed nature and condition information. This information helps the insurer assess insurability.
Invoice: Invoices contain package details and vital registration information for financial and reputation assessments. Once your application is approved, you will receive an insurance policy, which is essential when filing a claim and outlines the agreed-upon terms and conditions.
Regarding these documentations, Luwjistik provides a solution to safeguard your shipment with Luwjistik Insurance. Let's explore more about Luwjistik Insurance below!
Safeguard Your Shipment With Luwjistik Insurance
At Luwjistik, we understand that the safety and security of your B2C shipments are paramount. That's why we're proud to introduce Luwjistik Insurance, a comprehensive solution that goes above and beyond to safeguard your shipment. Our insurance provides comprehensive coverage for international and domestic B2C shipments, specifically for air-mode transportation only.
Starting at 1.5% for L-Basic and 2% for L-Plus, Luwjistik Insurance ensures reliable coverage during every shipping process step. We've got you covered with coverage options extending up to USD 5,000 for potential loss or damage during transit for B2C shipments.
Why Choose Luwjistik Insurance?
When you opt for Luwjistik Insurance, you can expect:
One-Click Insurance with No Need for Additional Documents: Luwjistik Insurance simplifies the insurance process by offering one-click coverage, obliterating the need for additional documentation, whether it's for cross-border or domestic shipments. This streamlined approach makes it efficient and convenient for businesses of all sizes.
Expert Guidance: Our experienced team is available to offer specialist advice and support in navigating the complexities of shipping insurance.
Seamless Integration: Luwjistik Insurance seamlessly integrates with your orders and offers shipment protection, regardless of the lane or network partner you use.
Global Coverage: Whether you're shipping domestically or internationally, Luwjistik Insurance can provide coverage for shipments across various regions and networks, making it a versatile choice for businesses with a global presence.
Transparency: Luwjistik Insurance offers transparent pricing, making it easier for businesses to understand the insurance cost and factor it into their shipping expenses.
To learn more about our shipping insurance, read our article about Luwjistik Insurance here or visit our website at luwjistik.com. If you have any questions, contact our support team at [email protected]. We're here to help.